Fiserv earnings missed by $0.61, revenue fell short of estimates
Investing.com - Bernstein SocGen Group initiated coverage on 3i Group PLC (LON:III) with an Outperform rating and a price target of GBP52.00, representing 37% upside potential.
The investment firm’s bullish outlook is primarily driven by 3i’s main portfolio company Action, which represents 76% of 3i’s net asset value (NAV) and operates as a leading European discount variety store chain.
Bernstein projects 3i’s NAV per share will compound at 20% from fiscal year 2024 through 2028, making it an attractive growth investment opportunity.
According to Bernstein’s analysis, Action is growing at a 17% sales CAGR, approximately twice as fast as any other company in their coverage universe, while delivering 19% EBITDA CAGR with 16% margins.
The research firm has designated 3i Group as its "top pick" across its entire coverage universe, highlighting the company’s strong growth trajectory through its Action investment.
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